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Power

Power generation projects, electric utilities, and co-ops can have high initial costs. Smart capital borrowing can make getting started – and keeping the momentum – a little easier.
The power industry is dynamic and ever-changing - we provide capital to businesses to help them stay ahead of the curve.

We provide our partner companies with the security of a large capital provider, and the care and attention to detail of a small group. We’re able to focus just on power, generation, and transmission assets as well as more traditional natural gas-fired generating assets.

We can provide capital and structure complex transactions across the risk spectrum, and across diverse power generating technologies. We can provide project financing for contracted assets, as well as secured and unsecured financings for utilities with a regulated rate base.

Our longtime involvement in the Power sector includes investments of US$16.7 billion since the Power group was established in 2004. Our current Power portfolio stands at US$9.2 billion, with 103 project issuers, 32 utilities, and 20 electric cooperatives (as of 31.3.22).
our people

Global reach, personal touch.

“We have a large portfolio and have worked with many companies over the years, but you’ll never have the sense that you’re one in many, because you’re not. Your business is unique, your project is unique, and we’re very cognisant of that.”

wendy carlson
managing director
Typical size
  • Senior Debt: US$20 – US$200+ million
  • Mezzanine Debt: US$10 – US$30 million
  • Equity: US$10 – US$30 million
Typical uses
  • Construction of new power plants that are either providing power onto the electric grid or are selling energy to another utility or off-taker
Structural characteristics
  • Focus on project finance (construction loan, term loan, subordinated debt), utilities, and electric cooperatives
  • Investment grade and below investment grade, fixed- or floating-rate debt, mezzanine, and partnership equity
  • Emphasis on contracted assets and return on rate base
Issuer benefits
  • Flexible capital for unique situations, across the risk spectrum
  • With us, borrowers can expect to have consistent access to capital throughout market cycles
  • Construction and term-lending with custom amortisation up to 30 years
Portfolio Companies
We have an investment portfolio of US$9.2 billion in the power industry as of 31.3.22.
“Pricoa Private Capital is a great long-term partner. We look forward to continuing our relationship in the years ahead.”
Sean McCloskey, Chief Executive Officer, Penn Energy
Meet the team
Ty Bowman portrait
Ty Bowman, CFA
Senior Vice President
+1.214.720.6263
power & renewables
Email
Steven Hendricks, CFA
Vice President
+1.214.720.6260
power & renewables
Email
Ingrida Soldatova portrait
Ingrida Soldatova, CFA
Senior Vice President
+1.214.720.6230
power & renewables
Email
Lauren Soulis portrait
Lauren Soulis, CFA
Vice President
+1.214.720.6264
power & renewables
Email
Pricoa Private Capital (‘PPC’) is a trading name of PGIM, Inc. (‘PGIM’), the principal asset management business of Prudential Financial, Inc. ('PFI'), and it is also a trading name of PGIM Private Capital Limited and PGIM Private Capital (Ireland) Limited. In the United Kingdom, information is issued by PGIM Private Capital Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Private Capital Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 172071) and registered in England No. 1331817. In the European Economic Area (“EEA”), information is issued by PGIM Private Capital (Ireland) Limited with registered office: Pramerica Drive, Letterkenny Business and Technology Park, Letterkenny, Co Donegal, F92 W8CY, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Private Capital Limited in reliance of provisions, exemptions or licenses available to PGIM Private Capital Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Private Capital Limited and/or PGIM Private Capital (Ireland) Limited to persons who are professional clients as defined  under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).